1132 E Arcadia Court , Long Beach, CA 90813
Long Beach, CA 90813
Description
6.01% current in place cap rate and 10.76 GRM with tons of upside (43% rental upside). Value-Add investors will want to take note of of the ADU opportunity on this asset. RARE 8 parking spaces on this overparked asset. 1132 Arcadia is a perfect asset for a new or experienced investor located at the end of a quiet Culde- sac near the hottest and fastest growing market in LA Counties own in Long Beach. Great unit mix comprised of (2) 2Bed+1Bath and (3) 1Bed+1Bath units, most of which have been lightly renovated in the past 2 years. There are 8 parking spaces on site, adding significant value to the property. Each unit is separately metered for gas and electric. The subject property is located just outside the $6 Billion of new development flooding into Downtown Long Beach, including the Long Beach Civic Center, Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island.
Details
| Mls | SB24178774 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 101 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. 310-425-9838 | Cameron Samimi |
Features
| Sq Feet | 2,886 |
|---|---|
| Storys | 2 |
| Units | 5 |
| Buildings | 1 |
| Acreage | 0.11 |
Market Activity 90813
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90813 |
| Area | 5 Wrigley Area |
| Listing VS Median (in 90813) | |
Price: $1,125,000 low | high Med: $800,000 SqFt: 2,886 low | high Med: 1,724 $ / SqFt: $390 low | high Med: $464 On Site: 101 low | high Med: 248.000000 | |
